The bank statement loans and TRID exceptions prompted Fitch to apply higher loss severities to the MBS, which play a role in credit enhancement levels…

SFIG Executive Director Richard Johns suggested that instead of removing requirements for risk-retention, policymakers could provide capital relief for issuers that retain risk on their securities, rewarding “good behavior.”

However, GSE reform will require a bipartisan effort and already other priorities are developing…

The nonagency/nonprime MBS market is expected to get some attention at the SFIG show, but not much…

With Republicans now in control of the White House and both houses of Congress, Hensarling plans to make even more cuts to regulations for rating services.

Bradd Gold of Au Consulting LLC noted that in the year prior to their federal takeover, Fannie and Freddie sold $10 billion of GSE junior preferred.

Redwood CEO Marty Hughes said pricing for jumbo MBS is currently strong, with execution on issuance better than execution for whole loan sales.

Moody’s said many of the contributors to the MBS are small, regional entities that lack the sophistication of larger, more established originators.

The Angel Oak family of mortgage lenders finished 2016 with roughly $700 million of nonprime/non-QM originations, according to officials at the company.

Officials at Ocwen warned of more financial turbulence throughout the year...